C_TS4FI Financial Accounting Practice Question
A financial accountant is analyzing a financial statement version in SAP S/4HANA. The company wants to report on a specific G/L account that should appear under both 'Current Assets' and 'Receivables' in the balance sheet. However, when the financial statement version is executed, the account appears only once. What is the most likely cause?
⚠ Common exam trap
The trap here is assuming that a G/L account can be assigned to multiple nodes in one financial statement version, when SAP restricts it to a single node to avoid double counting.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
The financial statement version allows an account to be assigned to only one node.
In SAP S/4HANA, a G/L account can be assigned to only one node within a single financial statement version. This design prevents double counting of account balances in financial statements. If the business requires the account to appear under multiple sections, they must use separate financial statement versions or alternative reporting methods like SAP S/4HANA embedded analytics or custom reports. The other options do not correctly identify this restriction.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
The financial statement version allows an account to be assigned to only one node.
Why this is correct
In SAP S/4HANA, a G/L account can be assigned to only one node within a financial statement version. If you need the account to appear under multiple sections, you must create separate financial statement versions or use alternative reporting tools. This restriction is by design to avoid double counting in financial statements. Thus, the account appears only once.
- ✗
The 'Current Assets' and 'Receivables' nodes are in different financial statement versions.
Why it's wrong here
If the nodes were in different financial statement versions, the account could appear in both if assigned to each version. The scenario states that the financial statement version is executed and the account appears only once, implying a single version. This option misinterprets the scenario and does not explain the single appearance.
- ✗
The account is a reconciliation account and cannot be reported in multiple nodes.
Why it's wrong here
Reconciliation accounts can be assigned to financial statement version nodes like any other G/L account. The restriction on multiple assignments applies to all accounts, not just reconciliation accounts. This option incorrectly attributes the behavior to the account type rather than the general rule.
- ✗
The G/L account is not marked as a balance sheet account in the master record.
Why it's wrong here
If the G/L account were not a balance sheet account, it would not appear in the balance sheet at all. Since it appears once, it is likely a balance sheet account. The issue is about multiple appearances, not whether it appears. This option does not address the duplicate reporting requirement.
About these practice questions
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JA
Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed September 2026 · checked against the official SAP exam blueprint
This C_TS4FI practice question is part of Courseiva's free SAP certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the C_TS4FI exam.